Belmont Thornton Logo
Claim Back Loan Insurance

Payment Protection Forced on Me Is It Legal

There are a number of reasons why PPI is being mis sold and perhaps one of the most scandalous is forcing this cover on a potential borrower as a condition of qualifying for a loan. The whole idea of payment protection insurance is to provide cover in the event that the borrower should suddenly be unable to make payments. These reasons can include anything from loss of employment to illness.

Consumers Questioning Legality of Forced PPI Cover

However, there are also a lot of exclusions wherein it is extremely difficult to actually make a claim against the policy. The savvy consumer knows this and is reluctant to buy the cover but perhaps needs the loan enough to know when to back down. As a result, more and more consumers are filing complaints asking "Payment protection forced on me is it legal?" The answer to that is quite simply a resounding, "No!" In fact, this is one of the reasons why so many thousands of UK consumers are winning their PPI claim for a refund. It is illegal to coerce anyone to purchase this cover in the UK.

Payment Protection Forced on Me Is It Legal - What to Do?

If you have had payment protection insurance forced on you as conditional for procuring a loan then there are steps you can take to correct the situation. Whilst it is important to lodge a complaint with the proper authorities, your first line of action would be to file for a Mis-sold ppiPPI refund. Once you have taken steps to attempt recovering any money you have paid into cover you never wanted, it's time to put a halt to this practice altogether. Your efforts may seem trivial to you, but in conjunction with thousands (if not millions!) of other complaints you must know that someone, somewhere, will stand up and take notice.

Where to Lodge Complaints and Seek Help with PPI Claims

If you are going to lodge a formal complaint, which may help your claim down the road, there are a few authorities you may want to contact and forward a copy of your claim. Those organisations would include, of course, the Financial Services Authority that oversees lenders in the UK. You may also want to contact consumer advocate groups in the UK, the leading organisation being the Consumer Advice Bureau that was largely responsible for bringing this lending racket out into the open. On the other hand, you would either file your claim directly with the lender in question or contract the services of a professional PPI claims company to handle your claim for you.

You will undoubtedly hear others asking, "I had payment protection forced on me is it legal?" and you will be able to tell them that it is not. There doesn't seem to be an end to the problem in sight but steps are being taken to correct this travesty. Belmont Thornton is a claims service that can both help you file a PPI claim as well as helping you to be better informed on the issue. Take the time to read through their extensive list of articles on the subject and if you feel you would like to speak with a live claims specialist, call the team on 0207 471 2000


Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
  • TickQuick, Easy And Simple Process
  • TickU.K. Based Call Center
  • TickGuaranteed To Start Your Claim In 24 Hours

Loan claim: Building societies warn of house price bubble

The Building Societies Association (BSA) is the latest to warn about the potential house price bubble that could arise f...

Bank claim: Lloyds raised concerns on Co-op finances

Lloyds Banking Group was aware that the financial position of the Co-Operative bank was unstable, said Lloyds chief exec...

Loan claim: first time buyers locked out for a decade

First time buyers will have to save up their deposit on a house for more than ten years, according to research from the ...

Bank charges: Commission tackles issue of RBS

The weak position of the Royal Bank of Scotland (RBS) is damaging to the UK economy, according to the Parliamentary Comm...

Bank charges: Report says customers and taxpayers were failed

Customers and taxpayers have been failed by the financial sector, according to the final report from the Parliamentary C...

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide